Economics

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Across
  1. 2. needs; need to give confidence and a sense of security
  2. 4. The price that supply is equal to demand
  3. 6. Initialism; monetary value of goods and services and total economic activity in a specific area, over a specific time period
  4. 8. System in which customs are passed through time
  5. 13. An assembly line; where each party works exclusively on the component assigned to them; what they are good at
  6. 15. Steady increase in employment, demand, income and investments; improving economic situation
  7. 17. economic system in which businesses respond to consumer desires; private ownership may exist
  8. 18. User; person who utilises a good or service
  9. 23. A web; the reliance between various organizations and businesses
  10. 24. Additional percentage rate at which it costs to borrow money
  11. 25. Economic system in which government controls nearly every aspect of the economy
Down
  1. 1. Something of value; often in the form of equipment to produce goods efficiently
  2. 3. needs; must haves for survival
  3. 5. Increase in prices, decrease in purchasing power of money
  4. 7. Time with increase in standard of living, investments, and optimal general state of economy
  5. 9. Goods that can replace one another
  6. 10. Goods used together; Goods often purchased by consumers at the same time
  7. 11. needs; need to make one feel included; part of a community
  8. 12. Whom something originates from; goods made or grown; services provided
  9. 14. Amount of goods and/or services in a market available to consumers
  10. 16. An asset acquired in order to gain value over time
  11. 19. needs; needs that make one feel better about oneself
  12. 20. Desire to purchase goods and services at a certain price
  13. 21. Goods used less as income increases
  14. 22. Decrease in demand, income and investments; increase in unemployment
  15. 26. Severe reduction in demand, income and investments; overwhelming levels of unemployment